Battlefield Management Systems Market (Land, Airborne, and Naval) to Reach $12.6 Billion by 2019 – New Report by MarketsandMarkets
(PRWEB) December 06, 2014 -- The "Battlefield Management Systems Market by Platform (Land, Airborne, and Naval), by Application (Commander Systems, Dismounted Soldier Systems, Tracked and Armored Vehicles, Communication Network Systems and BMS Software) - Forecast & Analysis 2014 - 2019”, Market is estimated to be $12.6 billion by 2019. This report provides an in-depth analysis of drivers, challenges, and, restraints impacting the BMS industry.
Browse more than 62 market data tables with 23 figures spread through 150 pages and in-depth TOC on "Battlefield Management Systems Market - Forecast & Analysis 2014 - 2019"
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The global battle management system (BMS) market is estimated to be $10.36 billion in 2014, and is expected to register a CAGR of 4.0% to reach $12.6 billion in 2019. The foremost driving factor that will continue for new innovations and modifications in BMS is to ensure the safety of their troops by the commanders. Land-based BMS has the highest CAGR across the three platforms and will account for 80.33% of the market size during the forecast period. There will be an increasing demand in command and control (C2), soldier modernization, and armored vehicles.
The primary market players are from the U.S., and Europe who dominate the battle management system (BMS) market in terms of technology, innovation, and on-time delivery. Also, Israel is a strong and tactful leader way ahead in the market in its own way. The BMS market is predominated by the land-forces covering 80.33% of the entire BMS user base.
The main purpose of a BMS is to ensure the survivability of the troops in a battlefield with real-time tactical information. The wide range of threats that are currently present is a driving factor for BMSs. The threat of all these entities forced nations to acquire or develop a suitable battle management system. With the onset of austerity related to depreciated defense expenditure of developed economies of the world, the top-players of the sector are facing severe concerns for having to pull-out from upcoming BMS projects.
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The land platform makes use of the BMS most, in comparison to the other two platforms. The land based BMSs comprise 80.33% while the airborne and naval based BMS comprise of the remaining 19.67% of the total battlefield management systems market share. The market will see tremendous growth in the BMS applications; force modernization, and armored vehicles procurements will see a high-rise with major developments.
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